Jeff  Carter

Matt Damon has spouted off about Obama- again. He says Obama lacks the leadership qualities necessary to be President, and I agree with him.

“I’ve talked to a lot of people who worked for Obama at the grassroots level,” says Damon. “One of them said to me, ‘Never again. I will never be fooled again by a politician.’”

Right on.

Obama has been a terrible leader. Love him or hate them, Reagan and Clinton knew how to lead. George W. Bush also lead as well. Obama, not so much. Mr. Wishy Washy.

For example, Obama has all but checked out of the debate on the Keystone XL pipeline, out sourcing the decision making to Hillary and not even making a statement on it. I don’t mind a President who delegates, in fact I think that is a good thing. But delegation without a clear focused goal puts disarray into the process. In this case, Obama should have given a public goal with regard to the decision. Some actual and realistic metrics so everyone could measure.

In decision after decision, Obama has followed a similar pattern. It’s why Senate Democrats can’t get a budget together. What has it been? Close to a 1000 days without a budget? That’s almost three years and the length of Obama’s term in office.

Most of the discontent that we see in America is from either poor leadership or lack of it. In the Tea Party’s case, it’s the direction of leadership. They want smaller, limited government. That is in direct opposition to the Democrat/Obama/Union/BigGovernment agenda. There is no middle ground between them and that’s why they are so eager for another election. The Tea Party whupped em in 2010 and in 2012 they’ll do it again.

Contrast that to the Occupy Wall Street crowd. Ideologically, they are in Obama’s camp. They have empathy for what he wanted to accomplish and thought that he would be a very different kind of politician. In practice, he is just another Democratic hack. Crony capitalism reigns, big government programs are helping out big gigantic corporations and the little guy doesn’t have a chance. In a fit of rage, they took to the streets and tried to get their message across.

There were empathetic ears in the disenchanted Tea Party. But once the OWS agenda became plain, most of America dismissed them.

Jeff Carter

Jeffrey Carter is an independent speculator. He has been trading since 1988. His blog site, Points and Figures was named by Minyanville as one of The 20 Most Influential Blogs in Financial Media.